ITALY - A decree issued by the Italian government has made it possible for workers who have contributed to different pension schemes to sum up their contribution periods into one pension.
For the “totalisation” amendment to take effect, the contribution periods to be added together must be at least six years long, and the worker must be either at least 65-years-old and have contributed for at least 20 years, or, regardless of age, have contributed for at least 40 years.
Before this decree, summing up the contribution periods was possible only when the worker had met the requirements for the old age pension in all of the schemes in which he may have been a member.
This practice had met criticism because it was costly for the worker, as he or she would be required to, at least partially, pay for the earnings-based benefit.
The new procedure does not bear any cost for the workers, but each pension, regardless of the formula of the corresponding scheme, will be computed according to the contribution-based method.
The decree was issued on 19 January.
Story by Lisa Haines
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